Addendum: The imputed effects of US tariffs on wages

Alexi Thompson and Henry Thompson

International Review of Economics & Finance, 2023, vol. 86, issue C, 564-569

Abstract: This addendum to a recent paper in this journal finding no imputed effect of US tariffs on the average wage separates the skilled wage based on a college degree. The imputed effect attributes all variation in the price of import competing goods to tariffs. Second order error correction estimates based on a factor proportions model with annual data from 1983 to 2019 prove reliable with fixed capital assets imbedding technological progress. Tariffs lower the skilled wage but have no effect on the “unskilled” wage. The implication in the factor proportions model is that tariffs raise the capital return.

Keywords: Tariffs; Skilled wages (search for similar items in EconPapers)
JEL-codes: F11 F14 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:86:y:2023:i:c:p:564-569

DOI: 10.1016/j.iref.2023.03.045

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